Hey, I am back with another Technical Analysis, this taking lookg again at ONT as its acting really strong!
Last time I ve posted Ontology in a Pennant Breakout Pattern, which broke right after publishing, link down below in Related Ideas.
Moving on.
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform. Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.
That was in short about Ontology.
Taking look at the chart.
There is a descending Wedge bullish pattern that has been drawn. Seems like its croosing downtrend line and about to break, good volume, but still can be denied.
Taking look at Indicators.
MACD gives buy signal with strong buy volume for that short period. RSI is at the bullish levels, bounce from 55 would be Ideal. Good buying Volume.
think thats about it.
Hope I made your view on whats going on with Ontology somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!